Ausaf’s 25 year career with two major US investment banks has provided him with significant leadership and management experience of investment banking, strategic planning and implementation across both Asia and EMEA. He has managed large multi-national businesses, executed complex restructuring projects and led major strategic assignments.
Ausaf began his career as an economist at BP before joining the Investment Banking division of Merrill Lynch in London in 1985. He then moved to Hong Kong in 1990, where he assumed responsibility for the firm’s investment banking coverage of India, Pakistan and Indonesia. In 1995 he relocated to Singapore to establish the firm’s investment banking presence in South Asia.
Following the start of the Asian economic crisis he moved into regional management, first becoming Chief Administrative Officer of Asia Pacific in 1998, and then Chief Operating Officer of Asia-Pacific/Australasia in 2000.
In 2001 he led the restructuring of Merrill Lynch’s private client business in Japan, a complex assignment lasting a year. Following the success of that project he became Head of EMEA Global Private Client and returned to London. The business was heavily loss-making, but returned to profitability under Ausaf’s management in 18 months.
In 2007 he moved to Morgan Stanley as Head of Sales & Marketing in its Private Wealth Management business, which focused on wealthy individuals, family offices and trusts. Ausaf lead a team which appraised a major acquisition opportunity and worked with MUFG to assess private banking opportunities in Japan.